Coeur d’Alene Mines Prices Private Offering of Senior Notes

Coeur d’Alene Mines Prices Private Offering of Senior Notes
Business Wire
COEUR D’ALENE, Idaho -- January 24, 2013
Coeur d’Alene Mines Corporation (the “Company” or “Coeur”) (NYSE: CDE; TSX:
CDM) today announced the pricing of its offering of U.S. $300,000,000 of
7.875% Senior Notes due 2021 (the “Notes”) to qualified institutional buyers
in the United States pursuant to Rule 144A and outside the United States
pursuant to Regulation S under the Securities Act of 1933, as amended (the
“Securities Act”). The coupon on the Notes will be 7.875% per year from the
date of issuance, payable semi-annually in arrears. The Notes will mature on
February 1, 2021. The transaction is expected to close on or about January 29,
2013, subject to the satisfaction of various customary closing conditions.
The Notes will be fully and unconditionally guaranteed by certain of the
Company’s subsidiaries. The Company intends to use the net proceeds from the
Notes offering to fund internal and external growth initiatives and for
general corporate purposes, which may include repurchasing 3.25% Convertible
Senior Notes due 2028 that are put to the Company at or after March 15, 2013.
The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and applicable state laws.
This news release shall not constitute an offer to sell or a solicitation of
an offer to purchase the Notes or any other securities, and shall not
constitute an offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful. This press
release is being issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of
securities legislation in the United States and Canada, including, among
others, (i) Coeur’s expectations regarding the closing of the Notes offering
and (ii) Coeur’s intention to use the proceeds of the offering to fund
internal and external growth initiatives and for general corporate purposes,
which may include repurchasing 3.25% Convertible Senior Notes due 2028 that
are put to Coeur at or after March 15, 2013.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause Coeur’s actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Such
factors include, among others, the risks and hazards inherent in the mining
business (including environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of gold and
silver, the uncertainties inherent in Coeur’s production, exploratory and
developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, any future labor disputes or
work stoppages, the uncertainties inherent in the estimation of gold and
silver ore reserves, changes that could result from Coeur’s future acquisition
of new mining properties or businesses, reliance on third parties to operate
certain mines where Coeur owns silver production and reserves, the loss of any
third-party smelter to which Coeur markets silver and gold, the effects of
environmental and other governmental regulations, the risks inherent in the
ownership or operation of or investment in mining properties or businesses in
foreign countries, Coeur’s ability to raise additional financing necessary to
conduct its business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to time with
the United States Securities and Exchange Commission, and the Canadian
securities regulators, including, without limitation, Coeur’s reports on Form
10-K and Form 10-Q. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned not to put
undue reliance on forward-looking statements. Coeur disclaims any intent or
obligation to update publicly such forward-looking statements, whether as a
result of new information, future events or otherwise. Additionally, Coeur
undertakes no obligation to comment on analyses, expectations or statements
made by third parties in respect of Coeur, its financial or operating results
or its securities.
Contact:
Coeur d’Alene Mines Corporation
Stefany Bales, 208-667-8263
Director of Corporate Communications
or
Wendy Yang, 208-665-0345
Vice President, Investor Relations